Chime
Chime Group, commonly referred to as Chime, is a prominent player in the financial technology sector, headquartered in Great Britain. Founded in 2014, the company has rapidly established itself as a leader in providing innovative banking solutions, primarily focusing on digital banking and payment services. Chime's core offerings include a no-fee banking platform, savings accounts, and budgeting tools, all designed to enhance financial wellness for its users. What sets Chime apart is its commitment to transparency and user-friendly technology, making banking accessible to a broader audience. With a strong presence in the UK and expanding operations across Europe, Chime has garnered significant recognition for its customer-centric approach and has achieved notable milestones in user growth and service expansion, solidifying its position in the competitive fintech landscape.
DitchCarbon Score
How does Chime's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Media Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chime's score of 45 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chime's reported carbon emissions
In 2023, Chime reported total carbon emissions of approximately 387,000 kg CO2e on a market-based approach, which includes Scope 1 and Scope 2 emissions. Specifically, Scope 1 emissions accounted for about 153,000 kg CO2e, while Scope 2 emissions totalled approximately 234,000 kg CO2e. Notably, the company also disclosed significant Scope 3 emissions from business travel, amounting to about 1,775,000 kg CO2e. In the UK, Chime's emissions for 2023 were approximately 98,000 kg CO2e on a market-based basis, with Scope 1 emissions at about 76,000 kg CO2e and Scope 2 emissions at approximately 189,000 kg CO2e. Chime has committed to achieving Net Zero emissions by 2025, with specific targets set for both Scope 1 and Scope 2 emissions. This commitment was formalised by the Chime Board in 2021, alongside the establishment of Science-based targets to guide their reduction efforts. These initiatives reflect Chime's dedication to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 49,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 387,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 20,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chime is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
